Algo: Betting on Winners

BE Trader

Junior member
There is a famous saying "Winners keep winning" which means that stocks that do well tend to keep doing well...
I have backtested the idea using the setup below for 2021.
  • Each day I'm looking for stocks which
    • belong to NASDAQ 100
    • have been up 3% or more on a prior day
    • are up in the morning (price above yesterday's close)
  • Enter (criteria to open a position)
    • Wait for 9:40 (market is open for 10min)
    • Stock price keeps going up
    • Buy only one stock for the day
    • If there are multiple candidates buy the one with highest relative volume comparing to the average market volume so far (10min average volume)
  • Initial capital $10,000
    • Gain is reinvested the next day
    • Loss reducing the buying power the next day
  • Exit (criteria to close a position)
    • End of the same day or by loss at 0.5% from fill price

Results: Cumulative GAIN 75.29% | Max Draw Down -5.36%

Screen Shot 2021-11-29 at 4.46.51 PM.png

Return vs buy and hold benchmark ^

Screen Shot 2021-11-29 at 4.47.21 PM.png

Top tickers traded ^

Disclaimer: all calculations made using BreakingEquity
Last edited:
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks